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NETS' Reward Programme For EFTPOS & CashCard Transaction
NETS launches NETS Rewards, a new programme under which users can benefit from every NETS EFTPOS or CashCard transaction they make, including retail, government, ERP and parking transactions. NETS' CEO Poh Mui Hoon said, "NETS Rewards is Singapore's easiest rewards programme ever. It rewards people for making payment by NETS or CashCard from anywhere they are accepted. We want Singaporeans to discover new places and new ways to use NETS payment, and to create some buzz at the more than 19,000 locations in Singapore where people can say 'NETS it!' Quite simply, it's the easiest way to win cash and prizes."
NETS Rewards members get 1 point for every US$0.30 spent using NETS EFTPOS or CashCard . Every 30 points accumulated will earn participants one chance in a monthly lucky draw. Each month five winners will receive cash and prizes worth up to US$588 each. Participants also earn chances to win in an US$51,764 grand lucky draw to be held in December 2004. NETS will announce other promotions for NETS Rewards members in the coming months. Later this year, users of the eNETS suite of Internet and mobile payment services will also be eligible for the rewards programme.
Poh emphasised that this was just the beginning of an ambitious, long-term reward scheme. "NETS Rewards is going to become one of the most accessible and exciting rewards programmes in Singapore. The wonderful thing is that almost anyone who has a Bank Card or CashCard can participate. There's no need for another extra card. There are also no annual fees, all one needs to do is to register once for the programme and he or she will be a member for life".
To enrol in NETS Rewards, one can register online from Saturday, March 6 at www.nets.com.sg/rewards, or complete and mail a registration form available at selected merchants eg. NTUC FairPrice, Cold Storage and 7-Eleven convenience stores. A full list of participating merchants is available at the aforementioned website. Online registrants will receive a bonus of 80 points plus next day activation of their registered cards. Each participant can register up to five bank cards and five CashCards.
For the merchants, NETS will soon be launching a NETS Rewards Star Merchant programme. When customers shop at these merchant outlets, they stand to earn double NETS points. This is another way in which NETS demonstrates more value-added capabilities to its business partners.
NETS Rewards is the latest step by NETS to build greater awareness of e-Payment through its participating banks. Other moves have included the unveiling of new corporate and product branding along with the launch of the "NETS it!" advertising and promotions campaign in December 2003.
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